Recent multiple security incidents have led to a loss of over $600 million in the DeFi market, with the Kelp DAO cross-chain bridge attack (approximately $292 million) further exacerbating the downturn. The total value locked (TVL) in the industry has fallen to about $82.4 billion, down approximately 25% from the early 2026 level of around $110 billion, with a single-day retracement of about 5.6%. The lending market was hit the hardest, with TVL decreasing by about 13%, while Aave froze rsETH to limit risk spread, which also caused liquidity tightening in some stablecoin markets. The current loss distribution plan is still unclear, involving disputes among multiple parties such as LayerZero and Kelp. Preliminary analysis suggests that the attack was related to flaws in cross-chain verification configuration. The industry still faces uncertainty. (The Block)